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The dawn of 5G and how it applies to your business

The dawn of 5G and how it applies to your business

5G, the fifth generation of mobile technology is believed to be a prime catalyst in ushering in the 4th Industrial Revolution. Though the technology is still in its nascent stages, there are reasons to acknowledge its vitality. Experts state that 5G will not only upgrade our mobile devices but also transform the business landscape as we know it.

FinancesOnline statistics show that the number of 5G subscriptions globally is around 236 million and the projected share of 5G smartphones in global smartphone shipments in 2021 is 40%.  According to the Ericsson Mobility Report, global 5G adoption will hit 1 billion in 2022 and is estimated to reach 3 billion by 2026. This level of reach even during the initial stages of its development reflects the prospects and opportunities the technology is set to unravel.

What does 5G offer?

5G is a promising advancement in the ever-progressing field of mobile tech. In a world where speed and mobility are the need of the hour, 5G is expected to deliver fast-paced and reliable utilities and it is positively affirmed to go above and beyond expectations.

The features that make it a coveted tech are as follows:

Higher speeds:

5G is significantly faster than its predecessors. It is said to be 100 times faster than 4G; while the maximum speed 4G could reach was 100 megabits per second, 5G has the potential to reach 10 gigabits per second. To put that into perspective, to download an entire HD movie, it takes around 10 mins on an ideal 4G network, however, the same can be achieved within 10 secs in 5G.

Also, transferring the plethora of data that companies keep generating with every passing day will no longer be a challenge, thanks to 5G!

Lower latency:

Latency is the time between requesting action and the request being processed or acknowledged. With high latency come noticeable lag and decreased overall performance.  

The response time for 4G networks is 20-50 milliseconds whereas 5G only takes around 4-5 milliseconds and a few advancements can further optimize this to just 1 millisecond.

Latency is highly vital for rapid communications or in emergencies. It also delivers better live streaming functionality. Latency is a major metric that businesses getting involved in IoT must look out for.

Higher device capacity:

1 million! That is the number of connected devices that 5G deployments can support in less than a square mile radius. This is in contrast to a meager 2000 connected devices that 4G can support.

These days, companies handle multiple devices to manage large amounts of data and 4G networks are succumbing under these mountains of bits and bytes. Here’s where 5G comes to the rescue, with its larger spectrum band and ability to host a large number of devices.

Support remote work:

With remote work emerging as the norm, 5G is necessary to help employees work seamlessly from anywhere. At the speed that 5G promises, remote working employees can carry around their work and complete the task at hand even without being connected to a business network.

Reliability & Flexibility:

5G networks are reliable. In that, there is a negligible possibility of poor connectivity or dropped calls. So, this makes this technology suitable for healthcare applications.

It also promises to be agile and flexible. 5G has a feature called ‘Network Slicing’. It can compartmentalize the network into layers (slices) with each layer acting as an independent network to address specific customer needs.

Prospects of 5G for your Business:

5G tech is applicable in multiple industries. It will be highly instrumental in driving the technical advancements in businesses while simultaneously finding its footing in various business operations. A few areas where 5G will uncover prospects are listed below:

Autonomous vehicles - With faster connections between transport systems, 5G will drive the development of autonomous cars.

Healthcare & Emergency Services - The 5G network can improve response to emergency situations. It will also help further Telehealth applications. 5G can also automate fire control tasks.

Logistics & Transportation - 5G will bring about the next generation in logistics and transportation. 5G network will enable better and faster data exchange and communication between transporting vehicles.

Internet of Things (IoT) - 5G has the ability to support a multitude of connected devices. This vast capacity along with enhanced speeds allow IoT applications to be engaged at their full potential.

Blockchain - Blockchain and 5G mutually benefit each other. While blockchain can help secure 5G networks by providing models with high access authentication, 5G, in turn, facilitates in seamless functioning of blockchain applications.

Augmented, Virtual, & Mixed reality - 5G can process larger data at faster rates; this means that AR and VR devices can function without additional computing devices to support them, Also, 5G provides better connectivity for these devices.

These are just a few of the industries 5G is set to transform. 

Applying 5G to your Business:

However, switching your business to 5G is not as simple as it sounds. It requires carefully laid groundwork, planning, and awareness.

5G indeed lets you manage gigantic amounts of data. However, to enable efficient management of large amounts of data, businesses need to invest and expand upon Big Data Analytics if they already haven’t.

5G is a modern innovation. So before harnessing it, people must have an understanding of its concept and utilities. Consequently, it will bode well for businesses to be educated in all aspects of 5G tech so that they can draw from its vast potential.

Technology is dynamic. Its nature and uses keep changing over time, like so, in the case of 5G tech. Businesses need to build lasting and future-proof policies to apply 5G as per their needs.

Budget is primary to every aspect of a business. With advanced technology like 5G which is still very new, its hardware and architectural requirements come at a far more monetary expense than the current 4G networks. For companies to be 5G-ready they must have such big-budget equipment on hand. So, planning 5G from a budget perspective is indispensable.

5G tech is still on the horizon. Nevertheless, in this fast-paced world, the days are not far when 5G will become a household term. With new insights being uncovered daily, few challenges are being revealed. However, its many benefits overshadow its few downsides. The new era in communication technology is here, and this might very well be the beginning of the next industrial revolution!